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These are the top-selling carmakers in SA for May 2023

Despite numerous economic challenges, the South African car industry showed excellent growth for the month of May 2023. ....

South Africa , Eastern Cape , Western Cape , Lebogang Gaoaketse , Ford Ranger , Polo Vivo , Toyota Corolla Cross , Toyota Hilux , Energy Vehicle , Volkswagen Polo Vivo , New Porsche ,

'We are in deep trouble,' says economist after repo rate increase sends rand crashing

'We are in deep trouble,' says economist after repo rate increase sends rand crashing
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United Kingdom , Western Cape , South Africa , South Africans , Frank Blackmore , Andra Nel , Arthur Kamp , Bonke Dumisa , Tertia Jacobs , Raymond Parsons , Lebogang Gaoaketse , Luigi Marinus , Monetary Policy Committee , Business School , United Kingdom Pound , Oxford Economics Africa , Sanlam Investments ,

'We are in deep trouble,' says economist after repo rate increase sends rand crashing

Cash-strapped South Africans are in even more trouble with the repo increasing to its highest since 2009 and the rand reaching its lowest point ever. ....

South Africa , United Kingdom , Western Cape , South Africans , Tertia Jacobs , Frank Blackmore , Bonke Dumisa , Raymond Parsons , Luigi Marinus , Lebogang Gaoaketse , Arthur Kamp , Andra Nel , Monetary Policy Committee , Business School , United Kingdom Pound , Oxford Economics Africa , Sanlam Investments ,

Increased budget pressure from increased rates

South African interest rates will increase for the third time this year, placing indebted consumers under more pressure while the South African Reserve Bank (SARB) attempts to rein in inflation. The SARB's Monetary Policy Committee announced a 50 basis points increase to the repo rate, from 7.75% to 8.25%, making the prime lending rate the ....

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Vehicle ownership costs rising steeply and rapidly – WesBank

Vehicle owners are, on average, paying R3 776 more a month to keep their vehicles running than in May 2019, says WesBank. WesBank says consumers’ budgets are strained and “under pressure in all departments”. ....

Western Cape , South Africa , Lebogang Gaoaketse , Monetary Policy ,